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Threedeemee is already competing with the Metaverse for online shopping

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GBP500000
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Project Details
Minimum investment per investor: 1000
Country: United Kingdom
Reason for needing Capital: Project Launch
Stage: In Operation/Selling
Ideal Investor Role: Indifferent
Highlights: Threedeemee is 2 months away from a fully automated system for our core technology of the scanning system but requires an additional 4 months from that point to have a new platform to establish a fully automated function that is fully animated where customers can walk in and out of shops, choose clothes and try them on.
What you offer to investors?: The target of£500,000, Equity 25M% minimalInvestment £1,000
Maximum Target £500,000, EIS Tax relief

Threedeemee Executive Summary

Threedeemee Limited is a UK-registered business entity founded by Cherlie and Victor Watson in November
2015. Threedeemee is led by Cherlie Watson our CEO and supported by experienced
senior managers, now retired from international operations, and who now wish to
further expand their entrepreneurial activities by supporting and mentoring
Cherlie in the Threedeemee project.



This Business Plan focuses on
the use of avatars for online apparel shopping and bespoke tailoring, however,
additional opportunities for the use of avatars have become apparent in the
Virtual, Augmented, and Mixed Reality (VR, AR & MR) Gaming and architectural
industries that are now being perused under a separate set of financials.



Apparel retail is a $ 2.4
Trillion market and continues to move online at circa 12% per year. The Covid
19 pandemic has accelerated this trend. The online apparel retail market and Facebook's announcement of creating the Metaverse (Meta-Universe) is not a
matter of if, but when the market will explode!



Due to Covid 19, Threedeemee
was forced to pause our core technology and focus on 3d configurators for bespoke
tailors and fashion designers to gain early revenues and proof of market
acceptance. This has been a very good success for Threedeemee because many
bespoke tailors have been suffering from a total collapse in footfall and most
do not have any online presence or way to virtually interact with their clients
online. Such tailors and other retailers now understand digital transformation
using 3d visualization combined with an online presence is crucial for survival
in the future.



Threedeemee is now able to
support such tailors to enhance the customer experience in their stores as well
online with 3d configurators filling this gap. These objectives have now been
achieved and allow Threedeemee to improve the ecommerce experience for the
purchase of online garments and accessories, specifically to increase sales and
reduce product returns. Customers are now able, in the privacy of their own
home, to create the products such as suits jackets, and shirts at no direct cost
to them, and they can create bespoke products online if they are hesitant or
cannot visit a store. Additionally, customers can try on ready-to-wear products
in Threedeemee fitting rooms where they can mix and match garments with
accessories to retain customer engagement and reduce returns.
https://www.youtube.com/watch?v=i3F96nU85yo



E-Commerce Opportunities

Covid 19 has quite honestly,
ravished the highstreets retail shops with the demise of Arcadia and Debenhams
who were bought out by online retailer giants such as BOOHOO and ASOS. Bespoke
tailors and fashion designers have been decimated around the world because they
did not move with the times and depended solely on footfall or trunk shows for
revenue. Most have only survived if they have been present in fully developed
countries where governments could support them with furlough schemes and tax
reliefs, but these are now coming to an end and most likely will not return
because countries such as the UK, EU, and even North America cannot afford to
support them anymore.



With the above in mind, smaller
independent fashion companies understand they must adapt to the “New Normal”
post-Covid and have at least an online presence to mitigate their risks in the
future.  This brings about a huge
opportunity for Threedeemee to assist bespoke tailors and fashion designers get
online so they can virtually interact with clients using 3d virtualization and
configurators if hesitancy persists or drops in footfall reoccur.



Likewise Large “Ready to Wear”
(RTW) retailers with a strong online presence we're able to justify the outlays of
high returns against the extreme cost of highstreets store rentals prices, but
now they have now gone, Line Management will adapt quickly to reduce these
costs and demand Digital Transformation to satisfy Investor margins in the
future. Threedeemee is here to assist such companies with online Fitting Rooms
to enhance customer experience and reduce returns. Our presence in Asia gives
Threedeemee a huge advantage by reducing the cost by 6 to 8 times to what it
would be if they do this in the Western Hemisphere.



Threedeemee is now receiving
early revenues by integrating 3d configurators into tailor’s catalogs with
more and more interest coming in daily from activewear and fashion designers
around the world.



   



Threedeemee’s core technology
has so far been created in 3 phases but requires circa an additional 2 months
to fully complete the scanning system. This technology derives measurement of a
person’s body to create an accurate measurement chart once a customer uploads a
10-second video of them rotating 360% on the spot using any smartphone, which
will be added to the online shopping configurators above as soon as available.



Threedeemee Outsourcing also
provides services for clients in the VR and AR world today. These include online
digital avatars, architectural 3D internal designs, exterior land scrapes, as
well as instore experience themes that bring in a source of early revenues.





Phase 4 of development will
take approximately 6 months from funding to update the WebGL platform, using an
open-source Augmented Reality (AR) Platform, to assist the premium avatar in
the customer’s own image so it that can walk, rotate, and sit down. The avatar
will use the derived measurement chart from the core technology to create an exact
physical likeness and most importantly the exact physical measurements of the
customer.
The intent is to match the avatar in the customer's own image, with the optimum
retailers’ manufactured garment size. Customers will be able to share their
dressed avatars with friends and family to obtain feedback using existing
social media platforms. For retailers, the avatars will, at the request of the
customer, be embedded in the retailer’s website. Sales, delivery, and return
processes will be those developed and owned by the retailer.



Financial forecast

Based on a strictly “Cash Flow” basis only: financial
forecasts are as follows: Threedeemee opened a third round of fundraising for
an investment of £500,000 could be open until the 31st Dec 2021 or
until the target is met at which time this round will be closed.





 



Development Financing

Phase one to two funding was completed by raising funds totaling +£250,000
from various forms, such as: noninterest baring
director loans £100K , a £25K
Start-up loan, and £140K a
friends and family equity raise as well as a huge amount of sweat equity
that the directors have contributed over the last 4 years.



Threedeemee
is now open to investors, this round for rapid scaling of Threedeemee
core technology to meet client demands as of the 21st Sept 2021 and will
close by 31st Dec 2021 for a raise of an additional £500K that
will consist of:





A private equity raise on the Threedeemee website




Duration
100 Days (this round will be closed no later than the 31st
Dec 2021!

Pre-emptive
rights apply

Pre-money
Valuation £1,500,000

Target
of £500,000

Equity
25%

Minimal
Investment £1,000

Minimal
Target £20,000 (This amount enables funds to be accessed)

Maximum
Target £500,000 (Round Closed)!

If the
Minimum Target has now been reached, but if the Maximum Target is not, the
shares will be issued based on the prorated proportionate equity.

No Over
Funding,



EIS
Tax relief

Threedeemee has just recently received SEIS/EIS approval as an EIS
qualifying trade and will be applying for EIS approval again for all investors
who wish EIS tax relief at the end of this round of fundraising.



 



Thailand
Board of Investment (BOI)

Threedeemee has been approved by the BOI in Thailand which
offers many Tax and None Tax advantages of setting an animation Studio in
Thailand including no corporation tax for 8 years and the ability to hire as
many expatriates as we require etc.



Exit
Strategy

At a
point in the future, when the business has grown sufficiently and generated
significant profitability, the intent will be for Threedeemee Limited to
organize the opportunity for an option to sell Threedeemee Limited in its
entirety or as independent departments, as a going concern/s; including any
associated IP, contracts and resources.



 

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